AlphaQuest LLC Has $1.02 Million Holdings in GoDaddy Inc. $GDDY

Key Points

• AlphaQuest LLC significantly increased its holdings in GoDaddy Inc. by 3,154.6% in the first quarter, bringing the total value of its shares to $1.02 million.
• Various other hedge funds have also raised their stakes in GoDaddy, with notable increases from Goldman Sachs Group (257.3%) and GAMMA Investing LLC (18,248.7%).
• GoDaddy reported a net margin of 17.01% and a return on equity of 189.42% in its latest quarterly earnings, surpassing analyst expectations for earnings per share.

AlphaQuest LLC raised its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 3,154.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,663 shares of the technology company's stock after purchasing an additional 5,489 shares during the quarter. AlphaQuest LLC's holdings in GoDaddy were worth $1,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC grew its stake in GoDaddy by 123.4% in the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock valued at $25,000 after purchasing an additional 79 shares in the last quarter. Park Square Financial Group LLC purchased a new position in GoDaddy in the first quarter valued at about $27,000. Private Trust Co. NA grew its stake in GoDaddy by 591.3% in the first quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock valued at $29,000 after purchasing an additional 136 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of GoDaddy in the first quarter worth about $30,000. Finally, GW&K Investment Management LLC boosted its stake in shares of GoDaddy by 307.9% during the 1st quarter. GW&K Investment Management LLC now owns 257 shares of the technology company's stock worth $46,000 after acquiring an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

GoDaddy Stock Performance

Shares of NYSE GDDY traded up $1.66 during trading hours on Wednesday, hitting $147.91. 1,346,088 shares of the company's stock were exchanged, compared to its average volume of 1,589,650. GoDaddy Inc. has a 1-year low of $132.51 and a 1-year high of $216.00. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $20.48 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 1.58 and a beta of 1.08. The company's 50-day moving average price is $162.39 and its 200-day moving average price is $173.94.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.07. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter in the previous year, the firm earned $1.01 EPS. The firm's revenue was up 8.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other GoDaddy news, CFO Mark Mccaffrey sold 625 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $177.08, for a total value of $110,675.00. Following the completion of the sale, the chief financial officer owned 73,459 shares in the company, valued at approximately $13,008,119.72. This trade represents a 0.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $159.46, for a total value of $956,760.00. Following the completion of the sale, the chief executive officer owned 419,015 shares of the company's stock, valued at $66,816,131.90. This represents a 1.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,881 shares of company stock worth $5,869,390. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on GDDY. Wall Street Zen downgraded GoDaddy from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. upped their price target on GoDaddy from $231.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada decreased their price target on GoDaddy from $225.00 to $200.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Raymond James Financial decreased their price target on GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating for the company in a research note on Friday, August 8th. Finally, Wells Fargo & Company decreased their price target on GoDaddy from $198.00 to $157.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $202.43.

GoDaddy Profile

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.